Wilmette's December Property sales were 20, down -16.7% from 24 in December of 2010 and -9.1% lower than the 22 sales last month. December 2011 sales were at their lowest level compared to December of 2010 and 2009. December YTD sales of 335 are running -2.0% behind last year's year-to-date sales of 342.
The Median Sales Price in December was $419,500, down -14.4% from $490,000 in December of 2010 and down -6.6% from $449,250 last month. The Average Sales Price in December was $479,861, down -15.7% from $569,167 in December of 2010 and down -6.7% from $514,564 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.
The Total Inventory of Properties available for sale as of December was 166, down -9.8% from 184 last month and down -10.8% from 186 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.
The December 2011 Months Supply of Inventory of 8.3 months was at a mid range compared with December of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 152, up 44.8% from 105 days last month and up 111.1% from 72 days in December of last year. The December 2011 DOM was at its highest level compared with December of 2010 and 2009.
The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 82.2% was down from 84.3% last month and down from 87.5% in December of last year.
The number of New Listings in December 2011 was 14, down -46.2% from 26 last month and down -36.4% from 22 in December of last year.
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